New Economy Movement Falling Wedge Reversal..XEM/BTC GAINS!
XEM is another top altcoin which has been in a big bearish market as we can see and we can see that it has been making a reversal pattern in its bear movement and now we are at our ultimate bottoms, however we can see that we are still inside the wedge and there is still room for downward movement so we should wait for the bounce from our trend line which will get us out of the wedge and the green price zones are our targets and the blue prices are our next supports if we go for more downward movement.
As I am more of mid/long term trader the price we have now is pretty attractive for me and may be a buy in however if you are for instagains then you should probably wait for it to get out of the wedge.
Bullish inedicators:
-EWO - we had a bearish divergence which got rejected by the green wave circled in the graph, and now we are having bullish divergence
-STOCH - has started moving from oversold are and now we are going up
-MACD - strong bullish divergence on MACD (trend has made 3 touches and now we are going for the 4th one, if we bounce from this touch this is a very strong bullish divergence we are having on MACD)
Details of the trade:
Targets:
1. 0.00002029 BTC
2. 0.00002228 BTC
3. 0.00002532 BTC
4. 0.00002735 BTC
Stop loss: well if we are joining the trade now then our stop loss should be 0.00001490 BTC and we can sell there and buy at lower prices(the blue prices shown)
Buy-in: 0.00001495-0.000016 BTC and if we go for downward movement inside the wedge then you are free to buy at the blue prices.
Good Luck, Traders! #moon #mooncommunity
As I am more of mid/long term trader the price we have now is pretty attractive for me and may be a buy in however if you are for instagains then you should probably wait for it to get out of the wedge.
Bullish inedicators:
-EWO - we had a bearish divergence which got rejected by the green wave circled in the graph, and now we are having bullish divergence
-STOCH - has started moving from oversold are and now we are going up
-MACD - strong bullish divergence on MACD (trend has made 3 touches and now we are going for the 4th one, if we bounce from this touch this is a very strong bullish divergence we are having on MACD)
Details of the trade:
Targets:
1. 0.00002029 BTC
2. 0.00002228 BTC
3. 0.00002532 BTC
4. 0.00002735 BTC
Stop loss: well if we are joining the trade now then our stop loss should be 0.00001490 BTC and we can sell there and buy at lower prices(the blue prices shown)
Buy-in: 0.00001495-0.000016 BTC and if we go for downward movement inside the wedge then you are free to buy at the blue prices.
Good Luck, Traders! #moon #mooncommunity
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